No Ownership Interest Clause Example from Business Contracts

This example No Ownership Interest clause appears in 2 contracts from 1 company

No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in the Company any direct or indirect ownership or incidence of ownership of or with respect to any Shares. All rights, ownership and economic benefits of and relating to the Shares shall remain vested in and belong to Stockholder, and the Company does not have authority to manage, direct, superintend, restrict, regulate, govern, or administer any of the policies or operations of Targacept or exercise any power or authority to direct St...ockholder in the voting of any of the Shares, except as otherwise provided herein. View More